Wednesday, 2 October 2013

Landlords in A Pickle as Tenants' Charter Breaches Buy-To-Let Terms

Millions of people trapped in a cycle of short-term rental tenancies will be able to demand that landlords give them longer contracts, expected to be between two and five years, under a "tenants' charter" unveiled by communities secretary Eric Pickles. However, the move threatens to put large numbers of landlords in breach of buy-to-let mortgage terms, which generally stipulate that tenancy agreements be no more than one year. Pickles told the Conservative party conference: "Today's proposals will raise the quality and choice of rental accommodation, root out the cowboys and rogue operators in the sector, and give tenants the confidence to request longer fixed-term, family-friendly tenancies that meet their needs."  Read more on the Guardian website.

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